New infrastructure, such as train stations and highways, can connect a suburb to a whole new demand of buyers and push prices up. In a two-part series, Kit Kadlec shows you the projects that are happening now and that matter most.
A good property is nothing without the right infrastructure nearby. That's why cities often act like population magnets, and their trains, roads and amenities keep demand and thus home values high.
Take any suburb in Australia with rail access, for example, and compare it to a nearby comparable suburb without a train station. The vast majority of time, the median home value is higher in the suburb with better infrastructure.
Infrastructure can mean more than just a faster commute to work though. New business developments can mean more jobs and growth, and new parks and entertainment centres can make for a better quality of life and more attractive location to live. In the end, it all adds up to better place to invest, especially if you get in early.
That's why keeping track of the latest projects can have a great benefit for investors. In this two-part series, we look at each state and territory, with Queensland, Victoria and the Northern Territory up first to be examined. Some of the property stats for nearby suburbs to each project are also highlighted.
For the complete list, check out the latest issue of Your Investment Property magazine, out on sale now.
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